Thread regarding Wells Fargo & Co. layoffs

CIB Chief Risk Officer is leaving

What is the real reason ? The timing is bad given that wells is trying its best to lift the asset cap. This can’t be good news from a reputational perspective.

Something dosent seem right.

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| 1398 views | | 7 replies (last November 27, 2024) | Reply
Post ID: @OP+1vFMl8jw

7 replies (most recent on top)

Who is the current person in role. Executives change so frequently and I cannot keep track

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Post ID: @2gtf+1vFMl8jw

Trading desk has to hold more reg capital as a result of a MO/finance/FO failure to produce accurate p&l metrics. There’s 4 weeks of unscheduled reg exam meetings happening right now — a real embarrassing clusterfu-k. I heard this might be the (or a) reason for eric’s departure.

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Post ID: @2mkh+1vFMl8jw

it is true as DF sent an email on it the other day. Likely going to a competitor, nothing to see here.

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Post ID: @1nzc+1vFMl8jw

Names or it ain’t true

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Post ID: @1pkr+1vFMl8jw

He’s taking another job. Calm down Nancy.

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Post ID: @1wof+1vFMl8jw

He is taking the fall for his boss.

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Post ID: @ogm+1vFMl8jw

Asset cap won't be lifted

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Post ID: @xiq+1vFMl8jw

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